183
183
Jul 17, 2011
07/11
by
CSPAN
tv
eye 183
favorite 0
quote 0
one would be eight to big to fail type attacks. it's your assets are over a threshold level, you pay a separate tax. one can limit interest deductibility. the first thing to realize is that financial institutions are highly specialized and understanding them is extremely difficult. regulatory apparatuses our best. but does not mean we have succeeded in the past, but it also does not mean we should try it tax instruments in a very complex setting with highly responsive taxpayers and a lot of this additional detail. that is why i am very skeptical of the tax estimate to address financial leverage. not because it is not a problem, but because there are better ways to do it. i understand there has been a failure to do it. there is little evidence in my mind that these kinds of taxes or a representation of the vengeance many of us feel. >> financial planners plan all around any kind of financial regulations. they are clever. >> indeed they are. >> they are driven to find a product that will find the greatest return. >> they will do more
one would be eight to big to fail type attacks. it's your assets are over a threshold level, you pay a separate tax. one can limit interest deductibility. the first thing to realize is that financial institutions are highly specialized and understanding them is extremely difficult. regulatory apparatuses our best. but does not mean we have succeeded in the past, but it also does not mean we should try it tax instruments in a very complex setting with highly responsive taxpayers and a lot of...
177
177
Jul 2, 2011
07/11
by
CSPAN
tv
eye 177
favorite 0
quote 0
>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of gdp, and that half a dozen u.s. institutions would be already above the cap and would have to come down over some period. you also have much bigger capital surcharges than what was agreed to over the weekend. that would be another way to i am just curious as to why he chose the glass-steagall route as opposed to the other routes for discouraging to big to fail? >> we did it and think about size. but part of what we thought about its size it isn't really the factory -- it is one of the factors, but not the primary factor. it is the nature of the risk -- whether y
>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of...
164
164
Jul 23, 2011
07/11
by
CSPAN
tv
eye 164
favorite 0
quote 0
and i'm sure we'll make that a big part of our discussion. but there are really two ways to measure how redistricting affects the big picture in the house. you can look at it in terms of the score card that i just went over which seat, if you add up all of those columns, is going to end up ahead at the end of the day. well, i think it's going to be very, very close to a wash, depending on florida, i think it's possible democrats could pick up a handful from the process which is surprising given that republicans earned so many state legislative chambers and picked up so much control in 2010. but then the other side of the equation is really how much can republicans shore up the gains that they made in 2010. and that's a part of the equation that's been more difficult for a lot of us in the pundit world to quantify. but one measurement that was kind of suggested at realpolitics.com and i appreciate this a lot more than a lot of other metrics that have been thrown identity is make the median seat in the house and how far to the right does it mov
and i'm sure we'll make that a big part of our discussion. but there are really two ways to measure how redistricting affects the big picture in the house. you can look at it in terms of the score card that i just went over which seat, if you add up all of those columns, is going to end up ahead at the end of the day. well, i think it's going to be very, very close to a wash, depending on florida, i think it's possible democrats could pick up a handful from the process which is surprising given...
176
176
Jul 16, 2011
07/11
by
CSPAN
tv
eye 176
favorite 0
quote 0
the big jobs would have been a big job creators and they were not included. i think he made a strategic mistake whenever he started talking about job creation and deficit reduction in the same sentence. people got them all jumbled up. here we are talking about deficit reduction with no talk about job creation right now. that was his strategic mistake. he should have extricated themselves. he still should. that will only spiral us down work. -- debt will only spiral us downward. all of the cuts an austerity programs. look at greece. the deeper their austerity goes, the higher their debt goes. this was supposed to be a program to get them out of debt and the recession. it is pushing them in the opposite direction. all of the talk about debt reduction at a time when we have eight jobs crisis and 14 million people out of work -- a stop crisis and 40 million people out of work for the law period ever -- you made history, shonda. he beats to talk to people and let them know that he is going to create jobs. -- he needs to talk to people and let them know he is going
the big jobs would have been a big job creators and they were not included. i think he made a strategic mistake whenever he started talking about job creation and deficit reduction in the same sentence. people got them all jumbled up. here we are talking about deficit reduction with no talk about job creation right now. that was his strategic mistake. he should have extricated themselves. he still should. that will only spiral us down work. -- debt will only spiral us downward. all of the cuts...
190
190
Jul 24, 2011
07/11
by
CSPAN
tv
eye 190
favorite 0
quote 0
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an infrastructure. toward that end, provisions to improve the transparency and stability of the derivatives market and strength since he th -- strengthens the parts of the infrastructure. we and other agencies are moving this work for in consultation with the corporate foreign regulators. u.s. agencies are working to address structural weaknesses in areas not as easily addressed by the at, such as taconic repo -- such as the repo market. the fed is committed to the promulgation of rules that are sensible, protect smaller community institutions, and promote the
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an...